Wall Street Rallies, S&P 500 and Nasdaq Rise Driven by Tech Stocks
Editor
NEW YORK, KOMPAS.com - Shares on Wall Street strengthened in trading on Wednesday (February 25, 2026) local time (Thursday morning WIB), supported by Nvidia and Oracle, as the market continued its rise from the previous trading session.
The S&P 500 index closed up 0.81 percent at 6,946.13, while the Nasdaq Composite strengthened 1.26 percent to 23,152.08. The Dow Jones Industrial Average increased 307.65 points or 0.63 percent to 49,482.15.
Nvidia shares rose 1.4 percent ahead of its financial report scheduled to be released after the market closed, along with reports from software giants Salesforce and Snowflake.
The Nvidia report comes as investors begin to readjust high valuations for tech stocks and increasing skepticism about large AI capital expenditures from hyperscaler companies.
“With hyperscalers announcing increased capital expenditures in recent weeks, the market expects this chipmaker to book revenue projections above consensus along with strong sales growth,” he added.
Michael Rosen, chief investment officer at Angeles Investment Advisors, reminded investors not to bet against CEO Jensen Huang, saying that he has played his cards very well.
He also sees the latest rally in the stock—which has recorded four consecutive days of gains—as an opportunity for some market players on Wall Street to take profits.
Oracle shares, which also operate in the artificial intelligence sector, jumped 1 percent and led the continued strengthening of software stocks after receiving an upgrade from Oppenheimer, which assessed its risk-reward profile as attractive after the previous correction.
The software sector extended its rally from the previous session, when the iShares Expanded Tech-Software Sector ETF (IGV) rose nearly 2 percent. On Wednesday, the fund jumped 3 percent, driven by gains in stocks such as Palantir Technologies and Microsoft.
Rosen believes that investor concerns about software and AI are “somewhat exaggerated.”
“The market, in my opinion, is moving from simply putting everything into one category and pushing it up, to being more selective in assessing which companies are better prepared than others,” he said.
Rosen also said that the market phase of “sell first, ask questions later” has now shifted to the phase of “ask questions later,” where “things may not be as scary as before.”
On Tuesday, major Wall Street indices strengthened after concerns about AI disruption in various industries eased. Software and cybersecurity stocks recorded a technical rally after Anthropic launched new connectors and plug-ins for its knowledge worker tool, Claude Cowork, which allows companies to connect the AI tool with existing applications such as Google Drive.
Separately, investors this week are also monitoring tensions between the US and Iran. Last weekend, President Donald Trump threatened to raise global tariffs to 15 percent, but on Tuesday a 10 percent tariff was imposed on global imports.
In his State of the Union address on Tuesday night, Trump outlined what he said was a strong economic condition. He also announced a proposal to give workers access to government-backed retirement accounts and again called for a ban on large institutional investors buying single-family homes.